Curt Bixel
Bad tile work and deposit on next job.
The story I am going to post below contains quite a number of rookie mistakes, so feel free to point them out. If you can find over 5 rookie mistakes, you get the prize. Here it is:
I hired a property manager based...
Christopher Moran
SHORT SALE
I was wondering if I could stop a short sale if I went to home owner and purchased "SUBJECT TO" ? or is it to late?
Stefanie Garner
Can recent graduates get pre-approved for a conventional loan?
Hi guys,
I finished grad school last January '22 and am sitting on top of student loan debt. I hope to get pre-approved for my first conventional loan in the St. Louis, MO, area as an out of state investor in the ne...
Are Hvalbye
SPV Valuation, Equity Sale Structuring & ROI Calculation?
Some questions for those with a few development projects under the belt and a good grasp of the "financial engineering".
Let's assume the following numbers for a multi-unit suburban residential project:
Newbuild sal...
Ella Fleur
Want to view property without pre-approval.
Hi! I am very interested in a duplex for sale near my grandmother's house in Florida. I'm interested in this specific property for investment purposes only, it's a low price. If I view the property and it's not for me...
Codey Wendel
House hacking with a high interest rate
Hello everyone. I just started the mortgage application process and have been pre-approved for a loan with a 6.75% interest rate. I was planning on purchasing a duplex this summer and going the FHA route, but now am n...
Elford Stephens
Convincing tenants to use electronica payment
Hi, we are new real estate investors. We just purchased our first property. The tenants are accustomed to paying their rent to the old owner in cash. This will not work for us. We would like them to use some form...
Darrian Whitford
FHA loan approval
Hey guys,I have finally gotten the ball rolling on my dreams of RE investing. I recently got pre approved for a fha loan. I also put in a contract on a duplex. I have paid my ernest money, now i will be having the pro...
David Mayeranderson
Private Lending Pre-payment penalties?
For my next Buy & Hold, I've determined that I can likely get a better deal with an all cash purchase from a wholesaler, rather that from the MLS. If I use a private lender to fund and have the property rented and...
Varun Parkash
$3000+ in Loan Origination Charges - Closing in 2 weeks - HELP
Hello Folks, i am working with a major bank and they have charged me $3024 in Loan Origination Charges for a 250K loan.$1234 = Rate extension lock fee$1357= Prepaids$477 = Appraisals$1095 = loan processing feeThey too...